Skip to content
Subscriber Only
Markets
Deals

China Calls for More Government Financing in Venture Capital

  • Country’s cabinet urges the state sector to play a bigger role
  • State Council promises to ease entry also for foreign VC firms
Updated on

China’s government is developing a bigger appetite for venture capital.

The country’s powerful State Council is encouraging more government agencies and companies to funnel money into private startups while getting the state to take part in the nation’s technology boom. In a new document published on its website Tuesday, the country’s cabinet urged government-led funds to play a greater role in guiding venture capital investment, while promising to level the playing field for foreign VCs.